Bicycle Tire Price in Russia - 2022
Contents:
- Bicycle Tire Price in Russia (CIF) - 2022
- Bicycle Tire Price in Russia (FOB) - 2022
- Bicycle Tire Imports in Russia
- Bicycle Tire Exports in Russia
Bicycle Tire Price in Russia (CIF) - 2022
The average bicycle tire import price stood at $9.7 per unit in 2022, increasing by 27% against the previous year. Over the period under review, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 155%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($14 per unit), while the price for Thailand ($2.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Bicycle Tire Price in Russia (FOB) - 2022
The average bicycle tire export price stood at $7.3 per unit in 2022, rising by 30% against the previous year. In general, the export price showed measured growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 43%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($7.4 per unit), while the average price for exports to Romania amounted to $4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+3.0%), while the prices for the other major destinations experienced a decline.
Bicycle Tire Imports in Russia
Bicycle tire imports into Russia dropped dramatically to 1.3M units in 2022, waning by -49.1% compared with the year before. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports reached the peak of 2.6M units, and then reduced notably in the following year.
In value terms, bicycle tire imports plummeted to $13M in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 120% against the previous year. As a result, imports reached the peak of $20M, and then dropped sharply in the following year.
| Import of Bicycle Tire in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.4 | 5.4 | 14.0 | 10.4 | 12.0% |
| Taiwan (Chinese) | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Thailand | 0.4 | 0.4 | 0.9 | 0.3 | -9.1% |
| Czech Republic | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| India | 0.4 | 0.1 | 0.4 | 0.2 | -20.6% |
| Vietnam | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Germany | 0.5 | 0.7 | 0.7 | N/A | 18.3% |
| Belarus | 0.3 | 0.3 | N/A | N/A | 0.0% |
| Others | 1.2 | 1.5 | 3.0 | 1.0 | -5.9% |
| Total | 10.8 | 9.0 | 19.7 | 12.7 | 5.6% |
Top Suppliers of Bicycle Tire to Russia in 2022:
- China (857.3K units)
- Thailand (122.9K units)
- India (65.9K units)
- Czech Republic (35.3K units)
- Taiwan (Chinese) (22.1K units)
- Vietnam (21.6K units)
- Germany (1.9K units)
Bicycle Tire Exports in Russia
In 2022, overseas shipments of new pneumatic tyres for bicycles decreased by -52.7% to 31K units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. As a result, the exports attained the peak of 109K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, bicycle tire exports dropped dramatically to $229K in 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 47%. As a result, the exports reached the peak of $429K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Bicycle Tire in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 90.9 | 180 | 321 | 206 | 31.4% |
| Romania | 5.3 | N/A | 12.2 | 5.6 | 1.9% |
| Belarus | 187 | 237 | N/A | N/A | 26.7% |
| Others | 8.0 | 12.3 | 37.4 | 16.8 | 28.1% |
| Total | 291 | 429 | 370 | 229 | -7.7% |
Top Export Markets for Bicycle Tire from Russia in 2022:
- Kazakhstan (28.0K units)
- Romania (1.4K units)
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